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Accountancy · 2023 · 1 mark
Reconstitution of a Partnership Firm – Retirement/Death of a PartnerDisposal of Amount Due to Retiring Partner1 markmcq
CBSE 2023 · Region 5 · Set 1 · Q8
Nita, Suman and Harish were partners in a firm sharing profits in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Suman retired from the firm. On the date of Syman's retirement, ₹ $\displaystyle 30,000$ was due to her. The remaining partners decided to pay her in three yearly instalments starting from the end of the first year. ₹ $\displaystyle 30,000$ will be transferred to which of the following account :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
Suman's Loan Account
Marking-scheme solution
(A)
-- Suman’s Loan Account
Read the following hypothetical situation …………………….
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.